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Offshore Petroleum and Greenhouse Gas Storage Act 2006
144Grant of petroleum retention lease
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#### 144 Grant of petroleum retention lease
If:
(a) an applicant has been given an offer document under section 142; and
(b) the applicant has made a request under section 260 in relation to the offer document within the period applicable under that section;
the Joint Authority must grant the applicant a petroleum retention lease over the block or blocks specified in the offer document.
> Note: If the applicant does not make a request under section 260 within the period applicable under that section, the application lapses at the end of that period—see subsection 260(4).